Can ETH fix above the $1,700 mark by the end of the week? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Ethereum has followed the growth of Bitcoin , going up by 2.35%.
On the hourly chart, Ethereum is more bullish than bearish as the price has bounced off the support at $1,687.60. If the growth continues to the $1,700 mark, one can expect a breakout of the resistance at $1,704.20 shortly. Ethereum is also bullish on the daily time frame, as the rate is near the resistance level of $1,714. In this case, the more likely scenario is a breakout followed by an impulse to the $1,700-$1,750 zone.
On the weekly chart, Ethereum is trading near the resistance after the recent bearish candle, which means that bulls remain more powerful than bears.
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